Analysis of the American Trading Session

The American session closed with a rapid but limited growth of the US dollar against the basket of major competitors. The reason was the correction of the American dollar against  US state bonds, that  grew steadily during the day and reached the level of 3%,  although not a major, but significant, factor in the strengthening of the US dollar.

Trades on American currency closed in different directions on Tuesday, as a result, the minimum of the last two months was updated at the level of 94.30. The descending dynamics of the American dollar is preserved and indicates the possibility of a test of the support level at 94.40-30.

The US dollar index chart. The current price is 94.40 (10-year government bonds yield is a blue line)

Read also: “How has the economy of Great Britain changed after the announcement of Brexit and how it affected the pound”

Andre Green

Earn with the help of the trade service on the news Erste News!

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